2007 Regular Session
To: Ways and Means
By: Representative Guice, Broomfield, Compretta, Formby, Fredericks, Frierson, Hamilton (109th), Ishee, Janus, Moss, Palazzo, Parker, Patterson, Peranich, Read, Simpson, Upshaw, Wells-Smith, Zuber
AN ACT TO PROVIDE A REFUND FOR INDIVIDUALS WHO, BETWEEN AUGUST 29, 2005, AND OCTOBER 4, 2006, PURCHASED A MODULAR HOME, PANELIZED HOME OR PRECUT HOME, OR PANEL CONSTRUCTED HOME CONSISTING OF STRUCTURAL INSULATED PANELS; TO PROVIDE THAT THE REFUND SHALL BE FOR THE AMOUNT OF THE PURCHASE PRICE PAID FOR THE HOME THAT IS ATTRIBUTABLE TO THE DIFFERENCE BETWEEN THE SALES TAX RATE IN EFFECT BEFORE OCTOBER 5, 2006, AND THE SALES TAX RATE IN EFFECT FROM AND AFTER OCTOBER 5, 2006, FOR SALES OF THE FACTORY BUILT COMPONENTS OF SUCH HOMES; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) Any individual who, between August 29, 2005, and October 4, 2006, purchased a modular home, panelized home or precut home, or panel constructed home consisting of structural insulated panels, shall be allowed a refund in the amount provided in this section. The refund authorized in this section shall be for the amount of the purchase price the individual paid for the home that is attributable to the difference between the sales tax rate in effect before October 5, 2006, for sales described in Section 27-65-17(1)(l), and the sales tax rate in effect from and after October 5, 2006, for such sales. Refunds made by the State Tax Commission under this section shall be made from sales tax collections after making diversions required by law.
(2) A taxpayer desiring a refund under this section must submit an application to the State Tax Commission containing any information required by the commission.
SECTION 2. This act shall take effect and be in force from and after its passage.